AFM433 Lecture 18: Class 18 Reading Notes

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM433
• Professor: Nancy Ann Vanden Bosch

Document Summary

Successful strategy execution: has two basic rules: understand the management cycle that links strategy and operations, know what tools to apply at each stage of the cycle. Discussions about bad operations: inevitably drive out discussions about good strategy implementation. Underperformance: are caused by breakdowns in a company"s management system, not managers" lack of ability or effort. Management system: the integrated set of processes and tools that a company uses to develop its strategy, translate it into operational actions, and monitor and improve the effectiveness of both.